What is the term for the amount deducted from an employee's paycheck for medical benefits?

The term that accurately describes the amount deducted from an employee's paycheck for medical benefits is "deduction." This term refers to any amount that is subtracted from an employee's gross pay to cover specific expenses, including medical benefits, retirement contributions, and various other benefits. Each paycheck will show these deductions, which reflect the costs associated with the employee's chosen benefits plan.

In this context, the other options do not correctly capture the concept. "Premium" specifically refers to the cost of the medical insurance policy itself, which might be deducted from paychecks, but it is not the general term for the amount deducted. "Tax" pertains to mandatory fees imposed by the government, which are separate from benefits deductions. "Surcharge" is usually an extra charge added on top of a standard fee, and does not apply to the regular deductions for benefits from an employee's pay. Thus, deduction remains the most appropriate and encompassing term for this context.